Home NZD/JPY Technical Analysis: Supported at the 61.8% Fibo, eyes on 72.20 recent lows

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NZD/JPY Technical Analysis: Supported at the 61.8% Fibo, eyes on 72.20 recent lows

FX Street

Updated: 13 May. 2019 | 04:22

NZD/JPY is supported at the 61.8% Fibo, but stuck below the cloud resistance with mounting pressures.
On the upside, 8th May swing lows at 72.32 and recent highs cap the pair (cloud resistance).
A break of trend support opens the case for 72.20, 9th May lows.

Hourly chart

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